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And away we go! We’re off to a fantastic start in our big earnings week with both IBM and GOOG giving us nice reports yesterday (Dave Fry’s QQQ chart). I sent out an early Morning Alert to Members already on positioning our earnings plays and I even tweeted it, in case you are interested in a full review. Our IBM play from yesterday’s Morning Alert for our $25,000 Portfolio
IBM is tracking $204 pre-market which means, so far, we can look forward to a full $2,500 on the bull call spreads with the short puts expiring worthless and owing the short callers, at the moment, 300 x $4 back for $1,200 so net $1,300 of our $2,500 potential realized if we flat-line here, but a lot can happen between now and March and then to July so we’re not sweating that one. Originally posted here…
Posted in: Markets, Trading Ideas